Teacher Retirement System of Texas Reduces Stock Holdings in Stifel Financial Corporation $SF

Teacher Retirement System of Texas reduced its position in shares of Stifel Financial Corporation (NYSE:SF) by 5.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 70,275 shares of the financial services provider’s stock after selling 4,165 shares during the quarter. Teacher Retirement System of Texas’ holdings in Stifel Financial were worth $7,974,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SF. SJS Investment Consulting Inc. grew its stake in shares of Stifel Financial by 2,383.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 298 shares of the financial services provider’s stock valued at $34,000 after buying an additional 286 shares during the period. HM Payson & Co. acquired a new position in Stifel Financial in the third quarter valued at approximately $37,000. Root Financial Partners LLC acquired a new position in Stifel Financial in the third quarter valued at approximately $37,000. Hantz Financial Services Inc. grew its position in Stifel Financial by 5,528.6% in the second quarter. Hantz Financial Services Inc. now owns 394 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 387 shares during the period. Finally, Caldwell Trust Co acquired a new stake in Stifel Financial during the second quarter worth $47,000. 82.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SF has been the topic of several recent analyst reports. Stifel Nicolaus set a $138.00 price target on Stifel Financial in a research note on Wednesday, January 14th. Wolfe Research restated an “outperform” rating and issued a $149.00 price objective on shares of Stifel Financial in a report on Wednesday, January 7th. Citizens Jmp upped their target price on shares of Stifel Financial from $140.00 to $155.00 and gave the company a “market outperform” rating in a research report on Monday, January 12th. JMP Securities lifted their price target on shares of Stifel Financial from $130.00 to $135.00 and gave the company a “market outperform” rating in a research report on Thursday, October 9th. Finally, BMO Capital Markets assumed coverage on shares of Stifel Financial in a research note on Friday, October 3rd. They issued a “market perform” rating and a $121.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.18.

Stifel Financial Stock Performance

NYSE SF opened at $128.36 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.84 and a quick ratio of 0.79. The company has a market cap of $13.07 billion, a P/E ratio of 22.68 and a beta of 1.13. The stock has a 50-day moving average of $126.16 and a two-hundred day moving average of $118.19. Stifel Financial Corporation has a 1-year low of $73.27 and a 1-year high of $134.74.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, December 1st. Stifel Financial’s dividend payout ratio is presently 32.51%.

Stifel Financial Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.